EURUSD Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 1:58 am
EURUSD failed to break below 1.1161 support and moved sideways in a trading range between 1.1161 and 1.1267, indicating that the pair remains in uptrend from 1.0839 and the fall from 1.1267 could be treated as consolidation...

USDCAD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:44 am
USDCAD moved in a bearing price channel on 4-hour chart and just bounces off the bottom support trend line. Further rally is possible and the target would be at the top resistance trend line. However, as long...

USDJPY Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:42 am
USDJPY broke above 111.73 resistance, indicating that the bearish movement from 114.36 had completed at 110.23 already. Further rise could be seen in a couple of days, and next target would be at around 113.50. Support levels...

AUDUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:41 am
AUDUSD ran in an ascending price channel on 4-hour chart and just bounces off the top resistance line of the channel. Correction pullback could be seen and the target would be at the bottom support line of...

GBPUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:40 am
GBPUSD pair found resistance at the top of the price channel on 4-hour chart and pulled back into 1.2955 zone. Deeper decline would likely be seen and the target would be at the bottom support line of...

EURUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:38 am
EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair...

USDCAD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:09 am
USDCAD’s bearish movement from 1.3793 extended to as low as 1.3483. Further decline is still possible after consolidation and next target would be at 1.3400 area. Resistance is at the falling trend line on 4-hour chart, only...

USDJPY Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:08 am
USDJPY moved out of the price channel on 4-hour chart, indicating that the downward movement from 114.36 had completed at 110.23 already. Near term resistance is now at 111.73, a break of this level could trigger a...

AUDUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:06 am
AUDUSD broke above the descending trend line 4-hour chart, indicating that the bearish movement from the March 21 high of 0.7749 had completed at 0.7328 already. The pair is now in uptrend. As long as the pair...

GBPUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:05 am
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue and further rise to 1.3100 area is still possible. Near...